Tax exemption: specified Air Force welfare and education bodies notified as eligible under income tax provisions, effective from the assessment year. The Central Government notifies five Air Force related organizations as institutions eligible for exemption under section 10(23C)(iv) of the Income tax Act, listing each named body and declaring the notification operative from the relevant assessment year to recognise their institutional status for tax treatment.
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Tax exemption: specified Air Force welfare and education bodies notified as eligible under income tax provisions, effective from the assessment year.
The Central Government notifies five Air Force related organizations as institutions eligible for exemption under section 10(23C)(iv) of the Income tax Act, listing each named body and declaring the notification operative from the relevant assessment year to recognise their institutional status for tax treatment.
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